MARKET & ECONOMY
The apparel exporters in Noida are experiencing a comeback of the export orders as the western nations are slowly opening up after the effects of the pandemic. Noida has around 3,000 apparel manufacturing units.
For the entire financial year 2020-21, the GDP contracted 7.3 per cent  a record low. In January-March last year, the economy had grown 3 per cent.
The company recently signed an agreement to acquire Italy-based INglass S.P.A. and its innovative hot runner systems technology – a step that will help it significantly expand its current fibers business.
Being nimble and technology adoption are timely needs for the global textile industry, says Prof Seshadri Ramkumar
The Accord on Building and Fire Safety in Bangladesh, for protecting garment worker’s safety was set to expire. However, the brands, retailers and unions extended it for three more months on a tentative agreement.
Strategic acquisition will accelerate Rossari’s growth story. The complementary business models will combine the strengths of both companies to build a stronger operating presence
European fashion retail chain C&A is opening a new jeans-focused innovation hub in Mönchengladbach, Germany this fall. The first pants produced at the facility are expected to be available next year.
Research lab Fraunhofer IZM and Weissensee Kunsthochschule have opened an e-textile lab in Berlin in collaboration. The entire laboratory can be used for interfaces between textiles and electronics to test process chains.
The government is currently integrating Government e-Marketplace (GeM) portal with Railways for the benefit MSMEs.